FLOT US-NBT Operations (sell side)

Liquidity
#272

Signed 3 of 3-of-5

Verify

Broadcasted; txid: ab214e8c8beb750b285a783ee9cc6293de9de33939b6ff3563d5722bc581f038

1 Like
#273

can’t find the tx id with the explorer. Was the tx fee paid?

#274

Edit: it just crossed.

Something doesn’t seem quite right with that transaction … it signed OK but I do not see it crossing the network.

a87a496d5bb7da4792937668c7b542ed69288854bc726e2562d0133df4dc5b7d has 2100
e40d86cd5da6c93fa71314361569a747dc880b8bb4047785189c8a8ab2564204 has 1,994.99 (I think)

inputs = 4094.99

Sum of outputs = 4094.98

So that should have a 0.01 fee.

Anyone else want to try to broadcast the tx that’s available on verify?

#275

The tx has just gone throufh. Why did it take so long?

1 Like
#276

I thought it might be appropriate to have some funds in the gateway accounts - just in case the BTC price drops.
@zoro’s currently has around 20,000 NBT.
I think the same amount for my gateway might be appropriate.

20,000 NBT to mOD’s Poloniex gateway

Signed 1 of 3/5

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

@dysconnect, @ttutdxh, @jooize, @woodstockmerkle, please verify and sign.

1 Like
The way onward
#277

Sounds like good planning.

Signed 2 of 3-of-5

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
Wall Observer - NuShares price movement tracking & discussion
#278

I need to take a break.
NSR are on order, NuBot is running with the 8 BTC that were deposited. It will automatically use the proceeds from the NSR sale for the buy side and the deposited NBT for the sell side.
That’s pretty much all I can do now.
The deposit to NuLagoon Tube, once the NuSafe funds arrived, might need to wait a bit more than a few minutes until I sign it.

3 Likes
#279

Sleep well, lovely.

1 Like
#280

Bump

#281

There is also 6500 NBT sell side in my Pybot on Poloniex. Are you going to run a sell-side with extremely low-spread? Otherwise I don’t see the immediate value of this?

#282

My NuBot has an asymmetric spread at the moment.
The buyside offset is considerably higher than the sellside offset.

  "bookSellOffset": 0.005,
  "bookSellInterval": 0.002,
  "bookSellType": "lin",
  "bookSellSteepness": "low",

  "bookBuyOffset": 0.06,
  "bookBuyInterval": 0.01,
  "bookBuyType": "lin",
  "bookBuySteepness": "low"

That is both useful to grab NBT during swings and to offer NBT at a good price, in case BTC drops.
If BTC were to drop significantly, increasing the sellside offset (by far not as high as the buyside offset) would be a “market aware” action manually conducted by me (to adjust the spread to the demand).
Running out of NBT is not that big problem though, because in difference to BTC we can grant them and still have plenty in reserve.
Buying BTC at a tight offset is a different matter, but I’m already fighting for an increased spread, which is mainly configured on buyside. I’m not in the condition to fight for a small sellside offset as well.

#283

To further the preparation just in case the BTC makes an extended nosedive, which would create pressure on the sell side, I prepared a transaction that deposits funds to these gateways (I dare say we can’t rely on ALPv2 at the moment):

The amounts for @Cybnate’s gateways is considerably lower, because she limited here gateway operations to 15k

and already has 10k there

In total 65,000 NBT to gateways as listed above

Signed 1 of 3/5

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

@dysconnect, @ttutdxh, @jooize, @woodstockmerkle, please give this transaction only a second signature for now!

The intention is to get it signed and broadcast as fast as possible, once the need is detected.
This is why it’s already created and should couch with 2 signatures for the BTC price drop.
Then only a third signature is required to get the funds sent to the gateways.

Ideally someone knowing the he/she will be available on short notice in the next days should withhold from signing it, whereas a less available (I wouldn’t want to wait for 36 hours after a need is recognized; with “less available” I mean more than a few hours!) person should sign it as second signer.

I intentionally signed it already, although I should be highly available. As the deposit brings funds to my gateway, which already has some BTC and might receive 20,000 NBT soon, I don’t want be the one in charge of depositing additonal funds to it.
We all know about the risks that go along with that.
On the other hand we might be in a quite bad position if not for the gateways. They are all that is supporting the peg at the moment. Taking this risk might pay out.

1 Like
#284

Signed 2 of 3-of-5

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

Verify

1 Like
#285

@woodstockmerkle, would you mind signing (and broadcasting?) this deposit to my gateway?

That would make mine funded on sell side (@zoro and @Cybnate already have sell side funds), while the other deposit, you recently signed, needs only one additional tx - just like planned.

#286

Time to get some NBT to my gateway - only 161 NBT left:

Mon May 30 06:45:31 UTC 2016
status of mOD dual side NuBot at Poloniex:
nud getliquidityinfo B | grep B9gXptkoqAApF3AFrQyhUbhSzvuEudxupt -A 2
        "B9gXptkoqAApF3AFrQyhUbhSzvuEudxupt" : {
            "buy" : 12120.12,
            "sell" : 161.9209
status of zoro dual side NuBot at Poloniex:
nud getliquidityinfo B | grep BJs4YbtaqCmxeHLiR6zzjnZEotYVFAPfMo -A 2
        "BJs4YbtaqCmxeHLiR6zzjnZEotYVFAPfMo" : {
            "buy" : 7250.03,
            "sell" : 23365.5783

20,000 NBT to mOD’s Poloniex gateway

Signed 2 of 3/5

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

Paging @dysconnect, @ttutdxh, @woodstockmerkle

1 Like
#287

Can you please explain to me again why you need NBT at your gateway?
We have ALP sell side, my Pybot and Zoro providing NBT sell side.

My Pybot is on the top of the orderbook on Poloniex and not selling 1 NBT.

#288

To be prepared for a BTC downswing - isn’t that obvious?
I’m aware that there are NBT in NuLagoon, ALP, @zoro’s gateway.

I just wouldn’t want to sit here shrugging and watching how the sell side gets drained without having made preparations to compensate that.
We shouldn’t wonder if more than 100,000 NBT get sold in a short time, if BTC makes a nosedive.

#289

Well there is 80k on NuLagoon and a lot more than 20k on all the gateways. And then I haven’t counted ALP which surely will come to the party.

#290

Will you really want to risk the peg getting lost in the other direction as well, only because BTC makes a big nosedive, making us look like we’ve learned nothing in the last days?
…maybe we haven’t learned enough.

I will back out here.
I’m tired of fighting that much against resistance for which I don’t have enough understanding.
I was about to do that days ago.
But then I felt, I’d be needed.
Maybe that was wrong.
Maybe I’m just bothering.

#291

Am i the only one that believes that btc will not nosedive at least until the halving? :wink:
But then who knows? right?